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ICICI Bank

After nearing our second resistance, the stock reversed and began to decline forming a dark cloud candlestick pattern on Monday’s session. We recommend a sell.

Infosys

The stock failed to surpass the 200-day moving average at Rs 1,704. Utilise rallies to sell the stock with stiff stop- loss at Rs 1,710.

L&T

Desist trading in this counter for the session.

ONGC

Fresh long position can be initiated only if the stock moves above Rs 1,060.

Reliance Capital

The stock is facing resistance at Rs 1,500. Sell the stock if it reverses from this level.

Reliance Communications

On Monday, the stock formed a spinning top candlestick pattern, which indicates indecisiveness. Avoid initiating buy or sell positions in this counter for the day.

Reliance Industries

Initiate fresh short position only if the stock declines below Rs 2,561 level with tight stop.

Satyam Computer

We recommend a sell.

SBI

The outlook for the stock is cautious while it trades below the resistance level Rs 1,750. Avoid trading for the day.

TCS

We maintain our sell recommendation in TCS for the session.

Yoganand D.

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